Consensys, a major supporter of Ethereum, has taken legal action against the SEC in response to recent actions taken by Chairman Gary Gensler against cryptocurrency companies.

The 34-page filing argues that the SEC's attempt to regulate Ethereum is illegal and could have negative consequences for the future of blockchain technology.

A key point in the complaint centers around the potential impact on the Ethereum network and Consensys if the SEC were to gain authority over Ethereum.

The filing warns that such regulatory overreach could stifle innovation and ultimately bring the use of the Ethereum blockchain to a halt in the United States.

This legal challenge marks a shift in strategy for Ethereum supporters, who are now taking a more proactive approach in defending the cryptocurrency against regulatory threats.